Last Week we gave Chopad Levels of 9686, Nifty gave Long Entry on Monday and did the third target by Thursday ,so good week for Chopad followers.As we have been discussing we are in impulsive time cycle and we got the expected 4% move in index in last 2 weeks, So time cycle worked till perfection. Lets see How to trade Nifty in coming week.
Nifty Hourly Chart
As discussed in last analysis For coming week bullish above 9686 for a move towards 9720/9790. Bearish below 9600 for a move towards 9520/9470.
Low made was 9600 so bulls protected 9600 and as soon as 9686 was broken we move ahead and did 9790 and more. For coming week break of 9913 we can move towards 10000/10057/10100. Bearish below 9830 for a move towards 9750/9700.
As discussed in last analysis Holding 9450 next move towards 9798/9865.
9865 done, Now holding 9830 we can move towards 10081.
Nifty Gann Angles
As discussed in last analysis Nifty bounced back from Gann Angle, holding 9645 upward journey continues towards 9720/9800.
Now for coming week till 9830 is held we can move towards 10000/10057/10161.
Nifty Supply and Demand
Bulls need to hold 9709 for a move towards 10000/10157.
Nifty Gann Date
Nifty As per time analysis 17/20 July is Gann Turn date , impulsive move can be seen around these dates.
Nifty Weekly Chart
It was positive week, with the Nifty up by 220 points closing @9886 Finally closing at the upper end of quadrant and continue to bounceback as per impulsive time cycle. As discussed in last analysis For coming week holding 9645 we can continue rally towards 9720/9800. Bearish below 9600 for a move towards 9520/9470.
Low made 9646 and we saw a ferocious rally towards 9913, so bulls were able to hold 9645 and rally as we were in impulsive time cycle, now for coming week till 9830 is held bulls can continue to rally above 10000/10100. Bearish below 9830 for a move till 9750/9680.
Trading Monthly charts
As discussed in last analysis Bulls need to hold 9100 on Monthly closing basis for next move towards 9600/10200 in next 6 months.
9600 done now waiting for 10200.
Nifty Weekly Chopad Levels
Nifty Trend Deciding Level:9951
Nifty Resistance :10025,10100,10157
Nifty Support :9880,9815,9730
Levels mentioned are Nifty Spot
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.
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